Lenders squeeze companies already reeling from guests pinching pennies

Lenders squeeze companies already reeling from guests pinching pennies

NEW YORK —Debt is just a four-letter word for some restaurant companies.

This month more revelations of arduous negotiations with lenders and possible loan defaults came to light as restaurants struggle with lower sales and higher costs, effectively eliminating the necessary cash cushion used to service debt. —Debt is just a four-letter word for some restaurant companies.

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